Apple has reported third-quarter earnings with record monetary results

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Apple has reported its financial results for the third quarter of its fiscal year 2022, which ended on June 25. The company has set a new quarterly revenue record with 82.96 billion United States dollars, which is an increase of 2% from the previous year.

The corporation reported a quarterly profit of 1.20 dollars per diluted share, which is less than the 1.30 dollars it made during the same time period in fiscal 2021.

Its net income for the quarter declined to 19.44 billion dollars from 21.74 billion dollars a year ago, and sales of iPhones were 40.67 billion dollars, which is an increase from 39.57 billion dollars year on year.

Compared to the previous year, sales of the company’s wearables, home, and accessory items dropped to $8.08 billion from $8.78 billion USD.

Also Read: Analysts say Apple faces lackluster demand in China following a decline in quarterly revenues

Compared to the previous year, the company’s service revenues climbed from $17.59 billion to $19.60 billion.

According to Apple’s financial report, net sales in Greater China decreased marginally from 14.76 billion dollars a year ago to 14.60 billion dollars this year.

“This quarter’s record results show how hard Apple works to come up with new ideas, open up new possibilities, and make our customers’ lives better,” said Tim Cook, Apple’s CEO.

“June quarter results show that despite the adverse operating climate, we are able to efficiently manage our business.” In almost every market and product category, we achieved a new record in June quarter sales, and our installed base of active devices reached a new all-time high. ” Luca Maestri, Apple’s CFO, made the statement.

It has been decided by the Apple board of directors that each common share of the business would receive a cash dividend of $0.23.

Also Read: BOE Technology predicts that Apple’s iPads will display LCD screens at a record rate in 2022

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